Spain’s Ministry of Labor is preparing to increase the national minimum wage before the upcoming general elections. Minister Yolanda Díaz has initiated the process, signaling that the administration intends to finalize the raise, which is expected to hover around 5%, prior to the vote. This timeline contrasts with pension adjustments, which the government has deferred until after the election cycle concludes.
The projected 5% increase aligns with current inflation data but falls short of the 7% hike requested by major trade unions, CC OO and UGT. While the ministry awaits formal recommendations from economic experts, business associations have criticized the potential adjustment to the current rate of 1,221 euros gross in 14 payments. Discussions remain ongoing as stakeholders weigh the economic impact of the proposed policy change.
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